Power Metallic Defines High-Grade Maiden Resource at Lion Averaging ~3.9% CuEq, with >85% Indicated and Significant Expansion Potential
Original announcement by orestocks on
- Company
- Power Metallic Mines Inc.
- Ticker
- PNPN.V
- Exchange
- Unavailable
- Region
- Eeyou Istchee James Bay territory of Québec
- Primary commodity
- Copper
- Secondary commodities
- Nickel, Cobalt, Platinum, Palladium, Gold, Silver
- Document categories
- Resource update, Metallurgy
- Extracted
- 2026-09-08 08:04:40 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Power Metallic announced a high-grade maiden Mineral Resource Estimate for its Lion Zone, part of the Nisk Project in Québec, featuring 4.145 Mt Indicated at 3.86% CuEq and 0.601 Mt Inferred at 4.01% CuEq. Over 85% of the resource is in the Indicated category, starts at surface, and remains open for expansion. Metallurgical test work confirmed high copper recoveries of over 98% and concentrate grades above 25% Cu, with good recoveries for associated precious metals.
Reasoning: Power Metallic announced a highly positive maiden Mineral Resource Estimate for its Lion Zone, characterized by high copper equivalent grades, a substantial Indicated resource component, and excellent metallurgical recoveries, positioning the project for future development and expansion.
Positive factors
- Maiden high-grade resource
- High Indicated percentage
- Starts at surface
- Excellent copper recovery and concentrate grade
- Polymetallic nature
- Significant expansion potential with ongoing drilling
- PEA in progress
- Strategic location with existing infrastructure
- Government critical minerals incentives
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 78
Classification and evidence
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The document explicitly states 'Power Metallic has declared the inaugural Mineral Resource Estimate for the Lion Zone'.
Evidence · text
“Power Metallic has declared the inaugural Mineral Resource Estimate for the Lion Zone”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The Lion resource is reported with '>85% of the initial Lion resource is classified as Indicated'.
Evidence · text
“>85% of the initial Lion resource is classified as Indicated”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Marc-Antoine Laporte, P.Geo., of SGS Canada Inc., is named as the independent Qualified Person responsible for the MRE.
Evidence · text
“Marc-Antoine Laporte, M.Sc., P.Geo. of SGS is responsible for the Nisk and Lion Mineral Resource Estimates and is an independent Qualified Person as defined by NI 43-101.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The MRE was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Evidence · text
“The MRE was prepared by SGS Canada Inc. ("SGS") in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101")”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Locked-cycle testing returned copper recoveries above 98% across all composite samples tested.
Evidence · text
“Locked-cycle testing completed by SGS Canada of representative mineralization from Lion has returned copper recoveries above 98% across all composite samples tested”
Step-Out Extensionpositive · Story-specific tag
Mineralization extended beyond the previously known limit.
Why it applies: Ongoing drilling is targeting extensions at depth and along strike, with assays from the summer 2026 program expected.
Evidence · text
“Ongoing resource expansion drilling with 5 active rigs is targeting extensions at depth and along strike with assays from the summer 2026 program expected starting in September 2026.”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document announces an 'updated Mineral Resource Estimate' for its Nisk Project, which includes the maiden Lion resource and an update for Nisk Main.
Evidence · text
“Power Metallic is pleased to announce an updated Mineral Resource Estimate ("MRE") for its Nisk Project”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The company is assessing proposals from engineering firms to complete a Preliminary Economic Assessment (PEA) evaluating the development potential of Lion.
Evidence · text
“The Company is currently assessing proposals from engineering firms to complete a Preliminary Economic Assessment ("PEA") evaluating the development potential of Lion”
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: Metallurgical tests were conducted on 'a blended composite of high-grade and low-grade material' and 'a low-grade composite of disseminated mineralization'.
Evidence · text
“Two locked-cycle flotation tests have been completed: LCT1, on a blended composite of high-grade and low-grade material representative of run-of-mine feed, and LG2, on a low-grade composite of disseminated mineralization”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a mill_cil route ("CIL")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 78. Some facts used in scoring do not have a stored record.
Resource Estimates (72)
indicatedLion · nickelTonnes: 2782000Grade: 0.08Grade Unit: %Contained Metal: 5.01Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 0.08
- Grade Unit
- %
- Contained Metal
- 5.01
- Contained Unit
- Mlb
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated nickel resource within the maiden Lion MRE, contributing to the overall polymetallic deposit.
Positive factors
- Maiden resource
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.08”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · copperTonnes: 2782000Grade: 1.47Grade Unit: %Contained Metal: 90.04Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 1.47
- Grade Unit
- %
- Contained Metal
- 90.04
- Contained Unit
- Mlb
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is a significant Indicated copper resource within the maiden Lion MRE, forming a key part of the high-grade polymetallic deposit.
Positive factors
- Maiden resource
- Indicated category
- Good grade for open pit copper
- QP signed off
- NI 43-101 compliant
Evidence · table
“1.47”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · cobaltTonnes: 2782000Grade: 0.004Grade Unit: %Contained Metal: 0.22Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 0.004
- Grade Unit
- %
- Contained Metal
- 0.22
- Contained Unit
- Mlb
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated cobalt resource within the maiden Lion MRE, contributing as a byproduct to the overall polymetallic deposit.
Positive factors
- Maiden resource
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.004”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · platinumTonnes: 2782000Grade: 0.84Grade Unit: g/tContained Metal: 76000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 0.84
- Grade Unit
- g/t
- Contained Metal
- 76000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated platinum resource within the maiden Lion MRE, adding value as a precious metal component.
Positive factors
- Maiden resource
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.84”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · palladiumTonnes: 2782000Grade: 2.35Grade Unit: g/tContained Metal: 210000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 2.35
- Grade Unit
- g/t
- Contained Metal
- 210000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is a significant Indicated palladium resource within the maiden Lion MRE, contributing substantially to the polymetallic value.
Positive factors
- Maiden resource
- Indicated category
- Good grade for palladium
- QP signed off
- NI 43-101 compliant
Evidence · table
“2.35”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · goldTonnes: 2782000Grade: 0.42Grade Unit: g/tContained Metal: 37000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 0.42
- Grade Unit
- g/t
- Contained Metal
- 37000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated gold resource within the maiden Lion MRE, adding value as a precious metal component.
Positive factors
- Maiden resource
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.42”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · silverTonnes: 2782000Grade: 11.65Grade Unit: g/tContained Metal: 1042000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 11.65
- Grade Unit
- g/t
- Contained Metal
- 1042000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated silver resource within the maiden Lion MRE, adding value as a precious metal component.
Positive factors
- Maiden resource
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“11.65”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · nickelTonnes: 2782000Grade: 2.07Grade Unit: %Contained Metal: 126.74Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 2.07
- Grade Unit
- %
- Contained Metal
- 126.74
- Contained Unit
- Mlb
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated nickel equivalent resource within the maiden Lion MRE, providing a combined value metric.
Positive factors
- Maiden resource
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“2.07”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · copper_equivalentTonnes: 2782000Grade: 3.45Grade Unit: %Contained Metal: 211.24Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- copper_equivalent
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 3.45
- Grade Unit
- %
- Contained Metal
- 211.24
- Contained Unit
- Mlb
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is a significant Indicated copper equivalent resource within the maiden Lion MRE, highlighting the overall value of the polymetallic deposit.
Positive factors
- Maiden resource
- Indicated category
- High grade for copper equivalent
- QP signed off
- NI 43-101 compliant
Evidence · table
“3.45”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · nickelTonnes: 100000Grade: 0.07Grade Unit: %Contained Metal: 0.16Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 0.07
- Grade Unit
- %
- Contained Metal
- 0.16
- Contained Unit
- Mlb
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred nickel resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.07”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · copperTonnes: 100000Grade: 1.09Grade Unit: %Contained Metal: 2.41Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 1.09
- Grade Unit
- %
- Contained Metal
- 2.41
- Contained Unit
- Mlb
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred copper resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“1.09”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · cobaltTonnes: 100000Grade: 0.004Grade Unit: %Contained Metal: 0.01Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 0.004
- Grade Unit
- %
- Contained Metal
- 0.01
- Contained Unit
- Mlb
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred cobalt resource within the maiden Lion MRE, contributing as a byproduct but with lower confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.004”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · platinumTonnes: 100000Grade: 0.43Grade Unit: g/tContained Metal: 1000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 0.43
- Grade Unit
- g/t
- Contained Metal
- 1000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred platinum resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.43”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · palladiumTonnes: 100000Grade: 1.31Grade Unit: g/tContained Metal: 4000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 1.31
- Grade Unit
- g/t
- Contained Metal
- 4000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred palladium resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“1.31”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · goldTonnes: 100000Grade: 0.31Grade Unit: g/tContained Metal: 1000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 0.31
- Grade Unit
- g/t
- Contained Metal
- 1000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred gold resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.31”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · silverTonnes: 100000Grade: 9.63Grade Unit: g/tContained Metal: 31000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 9.63
- Grade Unit
- g/t
- Contained Metal
- 31000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred silver resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“9.63”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · nickelTonnes: 100000Grade: 1.41Grade Unit: %Contained Metal: 3.12Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 1.41
- Grade Unit
- %
- Contained Metal
- 3.12
- Contained Unit
- Mlb
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred nickel equivalent resource within the maiden Lion MRE, providing a combined value metric but with lower confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“1.41”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · copper_equivalentTonnes: 100000Grade: 2.36Grade Unit: %Contained Metal: 5.19Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- copper_equivalent
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 2.36
- Grade Unit
- %
- Contained Metal
- 5.19
- Contained Unit
- Mlb
- Cutoff Grade
- 0.35
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred copper equivalent resource within the maiden Lion MRE, highlighting the overall value but with lower confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“2.36”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · nickelTonnes: 1363000Grade: 0.13Grade Unit: %Contained Metal: 3.98Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 0.13
- Grade Unit
- %
- Contained Metal
- 3.98
- Contained Unit
- Mlb
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated nickel resource within the maiden Lion MRE, contributing to the overall polymetallic deposit.
Positive factors
- Maiden resource
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.13”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · copperTonnes: 1363000Grade: 2.1Grade Unit: %Contained Metal: 63.03Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 2.1
- Grade Unit
- %
- Contained Metal
- 63.03
- Contained Unit
- Mlb
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is a significant Indicated copper resource within the maiden Lion MRE, forming a key part of the high-grade polymetallic deposit.
Positive factors
- Maiden resource
- Indicated category
- Good grade for underground copper
- QP signed off
- NI 43-101 compliant
Evidence · table
“2.10”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · cobaltTonnes: 1363000Grade: 0.007Grade Unit: %Contained Metal: 0.21Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 0.007
- Grade Unit
- %
- Contained Metal
- 0.21
- Contained Unit
- Mlb
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated cobalt resource within the maiden Lion MRE, contributing as a byproduct to the overall polymetallic deposit.
Positive factors
- Maiden resource
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.007”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · platinumTonnes: 1363000Grade: 0.87Grade Unit: g/tContained Metal: 38000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 0.87
- Grade Unit
- g/t
- Contained Metal
- 38000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated platinum resource within the maiden Lion MRE, adding value as a precious metal component.
Positive factors
- Maiden resource
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.87”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · palladiumTonnes: 1363000Grade: 3.15Grade Unit: g/tContained Metal: 138000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 3.15
- Grade Unit
- g/t
- Contained Metal
- 138000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is a significant Indicated palladium resource within the maiden Lion MRE, contributing substantially to the polymetallic value.
Positive factors
- Maiden resource
- Indicated category
- Good grade for palladium
- QP signed off
- NI 43-101 compliant
Evidence · table
“3.15”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · goldTonnes: 1363000Grade: 0.62Grade Unit: g/tContained Metal: 27000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 0.62
- Grade Unit
- g/t
- Contained Metal
- 27000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated gold resource within the maiden Lion MRE, adding value as a precious metal component.
Positive factors
- Maiden resource
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.62”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · silverTonnes: 1363000Grade: 13.35Grade Unit: g/tContained Metal: 585000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 13.35
- Grade Unit
- g/t
- Contained Metal
- 585000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated silver resource within the maiden Lion MRE, adding value as a precious metal component.
Positive factors
- Maiden resource
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“13.35”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · nickelTonnes: 1363000Grade: 2.83Grade Unit: %Contained Metal: 84.94Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 2.83
- Grade Unit
- %
- Contained Metal
- 84.94
- Contained Unit
- Mlb
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated nickel equivalent resource within the maiden Lion MRE, providing a combined value metric.
Positive factors
- Maiden resource
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“2.83”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedLion · copper_equivalentTonnes: 1363000Grade: 4.71Grade Unit: %Contained Metal: 141.57Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- copper_equivalent
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 4.71
- Grade Unit
- %
- Contained Metal
- 141.57
- Contained Unit
- Mlb
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is a significant Indicated copper equivalent resource within the maiden Lion MRE, highlighting the overall value of the polymetallic deposit.
Positive factors
- Maiden resource
- Indicated category
- High grade for copper equivalent
- QP signed off
- NI 43-101 compliant
Evidence · table
“4.71”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · nickelTonnes: 501000Grade: 0.14Grade Unit: %Contained Metal: 1.51Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 0.14
- Grade Unit
- %
- Contained Metal
- 1.51
- Contained Unit
- Mlb
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred nickel resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.14”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · copperTonnes: 501000Grade: 1.99Grade Unit: %Contained Metal: 22.02Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 1.99
- Grade Unit
- %
- Contained Metal
- 22.02
- Contained Unit
- Mlb
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred copper resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“1.99”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · cobaltTonnes: 501000Grade: 0.007Grade Unit: %Contained Metal: 0.08Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 0.007
- Grade Unit
- %
- Contained Metal
- 0.08
- Contained Unit
- Mlb
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred cobalt resource within the maiden Lion MRE, contributing as a byproduct but with lower confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.007”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · platinumTonnes: 501000Grade: 0.62Grade Unit: g/tContained Metal: 10000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 0.62
- Grade Unit
- g/t
- Contained Metal
- 10000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred platinum resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.62”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · palladiumTonnes: 501000Grade: 3.17Grade Unit: g/tContained Metal: 51000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 3.17
- Grade Unit
- g/t
- Contained Metal
- 51000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred palladium resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“3.17”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · goldTonnes: 501000Grade: 0.43Grade Unit: g/tContained Metal: 7000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 0.43
- Grade Unit
- g/t
- Contained Metal
- 7000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred gold resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.43”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · silverTonnes: 501000Grade: 13.04Grade Unit: g/tContained Metal: 210000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 13.04
- Grade Unit
- g/t
- Contained Metal
- 210000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred silver resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“13.04”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · nickelTonnes: 501000Grade: 2.6Grade Unit: %Contained Metal: 28.77Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 2.6
- Grade Unit
- %
- Contained Metal
- 28.77
- Contained Unit
- Mlb
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred nickel equivalent resource within the maiden Lion MRE, providing a combined value metric but with lower confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“2.60”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLion · copper_equivalentTonnes: 501000Grade: 4.34Grade Unit: %Contained Metal: 47.95Contained Unit: MlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- copper_equivalent
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 4.34
- Grade Unit
- %
- Contained Metal
- 47.95
- Contained Unit
- Mlb
- Cutoff Grade
- 0.9
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred copper equivalent resource within the maiden Lion MRE, highlighting the overall value but with lower confidence.
Positive factors
- Maiden resource
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“4.34”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · nickelTonnes: 607000Grade: 0.6Grade Unit: %Contained Metal: 7.99Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 0.6
- Grade Unit
- %
- Contained Metal
- 7.99
- Contained Unit
- Mlb
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated nickel resource within the updated Nisk MRE, contributing to the overall polymetallic deposit.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.60”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · copperTonnes: 607000Grade: 0.35Grade Unit: %Contained Metal: 4.66Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 0.35
- Grade Unit
- %
- Contained Metal
- 4.66
- Contained Unit
- Mlb
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated copper resource within the updated Nisk MRE, contributing to the overall polymetallic deposit.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.35”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · cobaltTonnes: 607000Grade: 0.039Grade Unit: %Contained Metal: 0.53Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 0.039
- Grade Unit
- %
- Contained Metal
- 0.53
- Contained Unit
- Mlb
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated cobalt resource within the updated Nisk MRE, contributing as a byproduct to the overall polymetallic deposit.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.039”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · platinumTonnes: 607000Grade: 0.08Grade Unit: g/tContained Metal: 2000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 0.08
- Grade Unit
- g/t
- Contained Metal
- 2000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated platinum resource within the updated Nisk MRE, adding value as a precious metal component.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.08”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · palladiumTonnes: 607000Grade: 0.49Grade Unit: g/tContained Metal: 10000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 0.49
- Grade Unit
- g/t
- Contained Metal
- 10000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated palladium resource within the updated Nisk MRE, contributing to the polymetallic value.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.49”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · goldTonnes: 607000Grade: 0.03Grade Unit: g/tContained Metal: 1000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 0.03
- Grade Unit
- g/t
- Contained Metal
- 1000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated gold resource within the updated Nisk MRE, adding value as a precious metal component.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.03”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · silverTonnes: 607000Grade: 2.19Grade Unit: g/tContained Metal: 43000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 2.19
- Grade Unit
- g/t
- Contained Metal
- 43000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated silver resource within the updated Nisk MRE, adding value as a precious metal component.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“2.19”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · nickelTonnes: 607000Grade: 1.01Grade Unit: %Contained Metal: 13.49Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 1.01
- Grade Unit
- %
- Contained Metal
- 13.49
- Contained Unit
- Mlb
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated nickel equivalent resource within the updated Nisk MRE, providing a combined value metric.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“1.01”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · copper_equivalentTonnes: 607000Grade: 1.68Grade Unit: %Contained Metal: 22.47Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- copper_equivalent
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 1.68
- Grade Unit
- %
- Contained Metal
- 22.47
- Contained Unit
- Mlb
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated copper equivalent resource within the updated Nisk MRE, highlighting the overall value of the polymetallic deposit.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“1.68”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · nickelTonnes: 210000Grade: 0.54Grade Unit: %Contained Metal: 2.5Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.54
- Grade Unit
- %
- Contained Metal
- 2.5
- Contained Unit
- Mlb
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred nickel resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.54”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · copperTonnes: 210000Grade: 0.22Grade Unit: %Contained Metal: 1.03Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.22
- Grade Unit
- %
- Contained Metal
- 1.03
- Contained Unit
- Mlb
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred copper resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.22”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · cobaltTonnes: 210000Grade: 0.035Grade Unit: %Contained Metal: 0.16Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.035
- Grade Unit
- %
- Contained Metal
- 0.16
- Contained Unit
- Mlb
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred cobalt resource within the updated Nisk MRE, contributing as a byproduct but with lower confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.035”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · platinumTonnes: 210000Grade: 0.07Grade Unit: g/tContained Metal: 500Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.07
- Grade Unit
- g/t
- Contained Metal
- 500
- Contained Unit
- oz
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred platinum resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.07”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · palladiumTonnes: 210000Grade: 0.48Grade Unit: g/tContained Metal: 3000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.48
- Grade Unit
- g/t
- Contained Metal
- 3000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred palladium resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.48”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · goldTonnes: 210000Grade: 0.03Grade Unit: g/tContained Metal: 200Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.03
- Grade Unit
- g/t
- Contained Metal
- 200
- Contained Unit
- oz
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred gold resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.03”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · silverTonnes: 210000Grade: 2.04Grade Unit: g/tContained Metal: 14000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 2.04
- Grade Unit
- g/t
- Contained Metal
- 14000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred silver resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“2.04”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · nickelTonnes: 210000Grade: 0.86Grade Unit: %Contained Metal: 3.99Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.86
- Grade Unit
- %
- Contained Metal
- 3.99
- Contained Unit
- Mlb
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred nickel equivalent resource within the updated Nisk MRE, providing a combined value metric but with lower confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.86”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · copper_equivalentTonnes: 210000Grade: 1.44Grade Unit: %Contained Metal: 6.66Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- copper_equivalent
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 1.44
- Grade Unit
- %
- Contained Metal
- 6.66
- Contained Unit
- Mlb
- Cutoff Grade
- 0.3
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred copper equivalent resource within the updated Nisk MRE, highlighting the overall value but with lower confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“1.44”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · nickelTonnes: 2096000Grade: 0.96Grade Unit: %Contained Metal: 44.44Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 0.96
- Grade Unit
- %
- Contained Metal
- 44.44
- Contained Unit
- Mlb
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated nickel resource within the updated Nisk MRE, contributing to the overall polymetallic deposit.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.96”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · copperTonnes: 2096000Grade: 0.53Grade Unit: %Contained Metal: 24.52Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 0.53
- Grade Unit
- %
- Contained Metal
- 24.52
- Contained Unit
- Mlb
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated copper resource within the updated Nisk MRE, contributing to the overall polymetallic deposit.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.53”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · cobaltTonnes: 2096000Grade: 0.061Grade Unit: %Contained Metal: 2.83Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 0.061
- Grade Unit
- %
- Contained Metal
- 2.83
- Contained Unit
- Mlb
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated cobalt resource within the updated Nisk MRE, contributing as a byproduct to the overall polymetallic deposit.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.061”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · platinumTonnes: 2096000Grade: 0.21Grade Unit: g/tContained Metal: 14000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 0.21
- Grade Unit
- g/t
- Contained Metal
- 14000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated platinum resource within the updated Nisk MRE, adding value as a precious metal component.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.21”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · palladiumTonnes: 2096000Grade: 0.91Grade Unit: g/tContained Metal: 61000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 0.91
- Grade Unit
- g/t
- Contained Metal
- 61000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated palladium resource within the updated Nisk MRE, contributing to the polymetallic value.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.91”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · goldTonnes: 2096000Grade: 0.04Grade Unit: g/tContained Metal: 3000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 0.04
- Grade Unit
- g/t
- Contained Metal
- 3000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated gold resource within the updated Nisk MRE, adding value as a precious metal component.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“0.04”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · silverTonnes: 2096000Grade: 2Grade Unit: g/tContained Metal: 135000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 2
- Grade Unit
- g/t
- Contained Metal
- 135000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated silver resource within the updated Nisk MRE, adding value as a precious metal component.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“2.00”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · nickelTonnes: 2096000Grade: 1.65Grade Unit: %Contained Metal: 76.13Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 1.65
- Grade Unit
- %
- Contained Metal
- 76.13
- Contained Unit
- Mlb
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated nickel equivalent resource within the updated Nisk MRE, providing a combined value metric.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“1.65”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk · copper_equivalentTonnes: 2096000Grade: 2.75Grade Unit: %Contained Metal: 126.89Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- copper_equivalent
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 2.75
- Grade Unit
- %
- Contained Metal
- 126.89
- Contained Unit
- Mlb
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated copper equivalent resource within the updated Nisk MRE, highlighting the overall value of the polymetallic deposit.
Positive factors
- Indicated category
- QP signed off
- NI 43-101 compliant
Evidence · table
“2.75”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · nickelTonnes: 1806000Grade: 0.98Grade Unit: %Contained Metal: 39.17Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 0.98
- Grade Unit
- %
- Contained Metal
- 39.17
- Contained Unit
- Mlb
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred nickel resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.98”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · copperTonnes: 1806000Grade: 0.57Grade Unit: %Contained Metal: 22.53Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 0.57
- Grade Unit
- %
- Contained Metal
- 22.53
- Contained Unit
- Mlb
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred copper resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.57”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · cobaltTonnes: 1806000Grade: 0.063Grade Unit: %Contained Metal: 2.5Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 0.063
- Grade Unit
- %
- Contained Metal
- 2.5
- Contained Unit
- Mlb
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred cobalt resource within the updated Nisk MRE, contributing as a byproduct but with lower confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.063”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · platinumTonnes: 1806000Grade: 0.26Grade Unit: g/tContained Metal: 15000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 0.26
- Grade Unit
- g/t
- Contained Metal
- 15000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred platinum resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.26”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · palladiumTonnes: 1806000Grade: 1.05Grade Unit: g/tContained Metal: 61000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 1.05
- Grade Unit
- g/t
- Contained Metal
- 61000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred palladium resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“1.05”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · goldTonnes: 1806000Grade: 0.03Grade Unit: g/tContained Metal: 2000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 0.03
- Grade Unit
- g/t
- Contained Metal
- 2000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred gold resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“0.03”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · silverTonnes: 1806000Grade: 1.57Grade Unit: g/tContained Metal: 91000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 1.57
- Grade Unit
- g/t
- Contained Metal
- 91000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred silver resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“1.57”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · nickelTonnes: 1806000Grade: 1.73Grade Unit: %Contained Metal: 69.06Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 1.73
- Grade Unit
- %
- Contained Metal
- 69.06
- Contained Unit
- Mlb
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred nickel equivalent resource within the updated Nisk MRE, providing a combined value metric but with lower confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“1.73”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk · copper_equivalentTonnes: 1806000Grade: 2.89Grade Unit: %Contained Metal: 115.09Contained Unit: MlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- copper_equivalent
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 2.89
- Grade Unit
- %
- Contained Metal
- 115.09
- Contained Unit
- Mlb
- Cutoff Grade
- 0.8
Lab
- Laboratory
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred copper equivalent resource within the updated Nisk MRE, highlighting the overall value but with lower confidence.
Positive factors
- QP signed off
- NI 43-101 compliant
Negative factors
- Inferred category
Evidence · table
“2.89”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Metallurgical Results (6)
locked-cycle flotationLion · copperRecovery: 98.3 %Head Grade: 0.62Head Grade Unit: %View all detailsHide details
Identity
- Project
- Lion
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Test Work
- Program Status
- detailed
- Test Type
- locked-cycle flotation
- Processing Route
- flotation
- Sample
- LG2 low-grade composite
Recovery
- Recovery
- 98.3 %
- Recovery Basis
- actual_test
- Head Grade
- 0.62
- Head Grade Unit
- %
- Conc. Grade
- 25.4
- Conc. Grade Unit
- %
Lab
- Laboratory
- SGS Canada Inc.
- Consultant
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Exceptional copper recovery and high concentrate grade from locked-cycle flotation on a low-grade composite, supporting the economic viability of lower-grade material.
Positive factors
- High Recovery
- Excellent concentrate grade
- Locked-cycle test
- Supports inclusion of lower-grade material
Evidence · table
“98.3”
Context: 0.62 %
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 98.3% is at or above the exceptional band (92%)
locked-cycle flotationLion · nickelRecovery: 47.7 %Head Grade: 0.04Head Grade Unit: %View all detailsHide details
Identity
- Project
- Lion
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Test Work
- Program Status
- detailed
- Test Type
- locked-cycle flotation
- Processing Route
- flotation
- Sample
- LG2 low-grade composite
Recovery
- Recovery
- 47.7 %
- Recovery Basis
- actual_test
- Head Grade
- 0.04
- Head Grade Unit
- %
- Conc. Grade
- 0.78
- Conc. Grade Unit
- %
Lab
- Laboratory
- SGS Canada Inc.
- Consultant
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Low nickel recovery from locked-cycle flotation on a low-grade composite, indicating challenges in recovering nickel from this material.
Positive factors
- Locked-cycle test
- Supports inclusion of lower-grade material
Negative factors
- Low Recovery
Evidence · table
“47.7”
Context: 0.04 %
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 47.7% is below the weak band (75%)
locked-cycle flotationLion · palladiumRecovery: 89.1 %Head Grade: 0.97Head Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lion
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Test Work
- Program Status
- detailed
- Test Type
- locked-cycle flotation
- Processing Route
- flotation
- Sample
- LG2 low-grade composite
Recovery
- Recovery
- 89.1 %
- Recovery Basis
- actual_test
- Head Grade
- 0.97
- Head Grade Unit
- g/t
- Conc. Grade
- 38.9
- Conc. Grade Unit
- g/t
Lab
- Laboratory
- SGS Canada Inc.
- Consultant
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Good palladium recovery from locked-cycle flotation on a low-grade composite, indicating effective precious metal capture even at lower grades.
Positive factors
- Locked-cycle test
- Supports inclusion of lower-grade material
Evidence · table
“89.1”
Context: 0.97 g/t
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
locked-cycle flotationLion · platinumRecovery: 84.1 %Head Grade: 0.22Head Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lion
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Test Work
- Program Status
- detailed
- Test Type
- locked-cycle flotation
- Processing Route
- flotation
- Sample
- LG2 low-grade composite
Recovery
- Recovery
- 84.1 %
- Recovery Basis
- actual_test
- Head Grade
- 0.22
- Head Grade Unit
- g/t
- Conc. Grade
- 7.9
- Conc. Grade Unit
- g/t
Lab
- Laboratory
- SGS Canada Inc.
- Consultant
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Good platinum recovery from locked-cycle flotation on a low-grade composite, indicating effective precious metal capture even at lower grades.
Positive factors
- Locked-cycle test
- Supports inclusion of lower-grade material
Evidence · table
“84.1”
Context: 0.22 g/t
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
locked-cycle flotationLion · goldRecovery: 83.1 %Head Grade: 0.37Head Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lion
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Test Work
- Program Status
- detailed
- Test Type
- locked-cycle flotation
- Processing Route
- flotation
- Sample
- LG2 low-grade composite
Recovery
- Recovery
- 83.1 %
- Recovery Basis
- actual_test
- Head Grade
- 0.37
- Head Grade Unit
- g/t
- Conc. Grade
- 12.7
- Conc. Grade Unit
- g/t
Lab
- Laboratory
- SGS Canada Inc.
- Consultant
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Good gold recovery from locked-cycle flotation on a low-grade composite, indicating effective precious metal capture even at lower grades.
Positive factors
- Locked-cycle test
- Supports inclusion of lower-grade material
Evidence · table
“83.1”
Context: 0.37 g/t
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
locked-cycle flotationLion · silverRecovery: 75.9 %Head Grade: 6.26Head Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lion
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Eeyou Istchee James Bay territory of Québec
- Ticker
- PNPN.V
Test Work
- Program Status
- detailed
- Test Type
- locked-cycle flotation
- Processing Route
- flotation
- Sample
- LG2 low-grade composite
Recovery
- Recovery
- 75.9 %
- Recovery Basis
- actual_test
- Head Grade
- 6.26
- Head Grade Unit
- g/t
- Conc. Grade
- 271
- Conc. Grade Unit
- g/t
Lab
- Laboratory
- SGS Canada Inc.
- Consultant
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Moderate silver recovery from locked-cycle flotation on a low-grade composite, indicating effective precious metal capture even at lower grades.
Positive factors
- Locked-cycle test
- Supports inclusion of lower-grade material
Evidence · table
“75.9”
Context: 6.26 g/t
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.